Online travel agency Expedia Inc. (
) on Tuesday caught some bearish commentary from analysts at Piper
The firm said it cut its rating on EXPE from "Overweight" to
"Neutral." Piper Jaffray noted the move was a valuation call, based
on its $53 price target (Expedia closed at $49.96 on Monday).
Expedia shares, which have surged more than 72% year-to-date,
fell 97 cents, or -1.9%, in premarket trading Tuesday.
The Bottom Line
Shares of Expedia (
) have a .56% dividend yield, based on last night's closing stock
price of $49.96. The stock has technical support in the $45 price
area. If the shares can firm up, we see overhead resistance around
the $55-$60 price levels.
Expedia Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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